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Automotive Plastics Market Report by Vehicle Type (Conventional and Traditional Vehicles, Electric Vehicles), Material (Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Acrylonitrile Butadiene Styrene (ABS), Polyurethane (PU), Polymethyl Methacrylate (PMMA), Polycarbonate (PC), Polyamide, and Others), Application (Powertrain, Electrical Components, Interior Furnishings, Exterior Furnishings, Under the Hood, Chassis), and Region 2024-2032
Market Report I 2024-07-01 I 135 Pages I IMARC Group
The global automotive plastics market size reached US$ 42.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 60.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4% during 2024-2032.
Automotive plastics include polypropylene (PP), polyurethane (PU), polyvinyl chloride (PVC), acrylonitrile butadiene styrene (ABS), nylon, polyethylene (PE), polyoxymethylene (POM) and polycarbonate (PC). These plastics assist in extending the life of automobiles, increasing design flexibility, reducing manufacturing costs and easing integration of components. Besides this, they also help reduce the weight of vehicles by replacing heavy materials, such as metal and glass, to save energy and improve fuel efficiency.
Automotive Plastics Market Trends:
There is currently a rise in the sales of electric and hybrid vehicles (EVs/HVs) around the world. This represents one of the key factors propelling the growth of the market. Moreover, automotive plastics find applications in the production of fuel tanks, carpet fibers, wheel covers, suspension bushings, dashboards, headlamp lenses, truck bed liners, mud flaps, bumpers, and gears. In addition, there is an increase in the use of synthetic coatings on metal surfaces to minimize the risk of corrosion caused by salt damage, high heat and water exposure. Besides this, nylon is utilized for manufacturing seat belts and airbags on account of its tear-resistant properties. This, along with the escalating demand for lightweight and affordable vehicles, is positively influencing the market. Apart from this, leading players are relying on bio-based plastics and polymers instead of fossil-based plastics to reduce their carbon footprint and promote sustainability. Furthermore, they are using recycled plastics for manufacturing seat cushions, replacement bumpers, splash guards, and wheel liners. This, coupled with the burgeoning plastics industry, is augmenting the overall sales and profitability. Other factors facilitating the growth of the market include technological advancements and extensive research and development (R&D) activities financed by automobile manufacturers.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive plastics market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on vehicle type, material, and application.
Breakup by Vehicle Type:
Conventional and Traditional Vehicles
Electric Vehicles
Breakup by Material:
Polyethylene (PE)
Polypropylene (PP)
Polyvinyl Chloride (PVC)
Acrylonitrile Butadiene Styrene (ABS)
Polyurethane (PU)
Polymethyl Methacrylate (PMMA)
Polycarbonate (PC)
Polyamide
Others
Breakup by Application:
Powertrain
Electrical Components
Interior Furnishings
Exterior Furnishings
Under the Hood
Chassis
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Asahi Kasei Corporation, BASF SE, Borealis AG, Covestro AG, Dow Inc., Koninklijke DSM N.V., Lanxess AG, Lear Corporation, LyondellBasell Industries N.V., Saudi Basic Industries Corporation, Solvay S.A and Teijin Limited.
Key Questions Answered in This Report
1. What was the size of the global automotive plastics market in 2023?
2. What is the expected growth rate of the global automotive plastics market during 2024-2032?
3. What are the key factors driving the global automotive plastics market?
4. What has been the impact of COVID-19 on the global automotive plastics market?
5. What is the breakup of the global automotive plastics market based on the vehicle type?
6. What is the breakup of the global automotive plastics market based on the material?
7. What is the breakup of the global automotive plastics market based on the application?
8. What are the key regions in the global automotive plastics market?
9. Who are the key players/companies in the global automotive plastics market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Automotive Plastics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Vehicle Type
6.1 Conventional and Traditional Vehicles
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Electric Vehicles
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Material
7.1 Polyethylene (PE)
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Polypropylene (PP)
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Polyvinyl Chloride (PVC)
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Acrylonitrile Butadiene Styrene (ABS)
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Polyurethane (PU)
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Polymethyl Methacrylate (PMMA)
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Polycarbonate (PC)
7.7.1 Market Trends
7.7.2 Market Forecast
7.8 Polyamide
7.8.1 Market Trends
7.8.2 Market Forecast
7.9 Others
7.9.1 Market Trends
7.9.2 Market Forecast
8 Market Breakup by Application
8.1 Powertrain
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Electrical Components
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Interior Furnishings
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Exterior Furnishings
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Under the Hood
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Chassis
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Asahi Kasei Corporation
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 BASF SE
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Borealis AG
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Covestro AG
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Dow Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Koninklijke DSM N.V.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Lanxess AG
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Lear Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 LyondellBasell Industries N.V.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Saudi Basic Industries Corporation
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Solvay S.A
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Teijin Limited
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
Figure 1: Global: Automotive Plastics Market: Major Drivers and Challenges
Figure 2: Global: Automotive Plastics Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Automotive Plastics Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Automotive Plastics Market: Breakup by Vehicle Type (in %), 2023
Figure 5: Global: Automotive Plastics Market: Breakup by Material (in %), 2023
Figure 6: Global: Automotive Plastics Market: Breakup by Application (in %), 2023
Figure 7: Global: Automotive Plastics Market: Breakup by Region (in %), 2023
Figure 8: Global: Automotive Plastics (Conventional and Traditional Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Automotive Plastics (Conventional and Traditional Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Automotive Plastics (Electric Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Automotive Plastics (Electric Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Automotive Plastics (Polyethylene (PE)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Automotive Plastics (Polyethylene (PE)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Automotive Plastics (Polypropylene (PP)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Automotive Plastics (Polypropylene (PP)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Automotive Plastics (Polyvinyl Chloride (PVC)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Automotive Plastics (Polyvinyl Chloride (PVC)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Automotive Plastics (Acrylonitrile Butadiene Styrene (ABS)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Automotive Plastics (Acrylonitrile Butadiene Styrene (ABS)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Automotive Plastics (Polyurethane (PU)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Automotive Plastics (Polyurethane (PU)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Automotive Plastics (Polymethyl Methacrylate (PMMA)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Automotive Plastics (Polymethyl Methacrylate (PMMA)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Automotive Plastics (Polycarbonate (PC)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Automotive Plastics (Polycarbonate (PC)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Automotive Plastics (Polyamide) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Automotive Plastics (Polyamide) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Automotive Plastics (Other Materials) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Automotive Plastics (Other Materials) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Automotive Plastics (Powertrain) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Automotive Plastics (Powertrain) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Automotive Plastics (Electrical Components) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Automotive Plastics (Electrical Components) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Automotive Plastics (Interior Furnishings) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Automotive Plastics (Interior Furnishings) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Automotive Plastics (Exterior Furnishings) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Automotive Plastics (Exterior Furnishings) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Global: Automotive Plastics (Under the Hood) Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Global: Automotive Plastics (Under the Hood) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Global: Automotive Plastics (Chassis) Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Global: Automotive Plastics (Chassis) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: North America: Automotive Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: North America: Automotive Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: United States: Automotive Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: United States: Automotive Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Canada: Automotive Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Canada: Automotive Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Asia-Pacific: Automotive Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Asia-Pacific: Automotive Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: China: Automotive Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: China: Automotive Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Japan: Automotive Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Japan: Automotive Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: India: Automotive Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: India: Automotive Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: South Korea: Automotive Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: South Korea: Automotive Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Australia: Automotive Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Australia: Automotive Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Indonesia: Automotive Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Indonesia: Automotive Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Others: Automotive Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Others: Automotive Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Europe: Automotive Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Europe: Automotive Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Germany: Automotive Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Germany: Automotive Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: France: Automotive Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: France: Automotive Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: United Kingdom: Automotive Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: United Kingdom: Automotive Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Italy: Automotive Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Italy: Automotive Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Spain: Automotive Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Spain: Automotive Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Russia: Automotive Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Russia: Automotive Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Others: Automotive Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Others: Automotive Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Latin America: Automotive Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Latin America: Automotive Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Brazil: Automotive Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Brazil: Automotive Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Mexico: Automotive Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Mexico: Automotive Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Others: Automotive Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 87: Others: Automotive Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 88: Middle East and Africa: Automotive Plastics Market: Sales Value (in Million US$), 2018 & 2023
Figure 89: Middle East and Africa: Automotive Plastics Market: Breakup by Country (in %), 2023
Figure 90: Middle East and Africa: Automotive Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 91: Global: Automotive Plastics Industry: SWOT Analysis
Figure 92: Global: Automotive Plastics Industry: Value Chain Analysis
Figure 93: Global: Automotive Plastics Industry: Porter's Five Forces Analysis
Table 1: Global: Automotive Plastics Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Automotive Plastics Market Forecast: Breakup by Vehicle Type (in Million US$), 2024-2032
Table 3: Global: Automotive Plastics Market Forecast: Breakup by Material (in Million US$), 2024-2032
Table 4: Global: Automotive Plastics Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Automotive Plastics Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Automotive Plastics Market: Competitive Structure
Table 7: Global: Automotive Plastics Market: Key Players
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